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The Tax Increase Prevention Act of 2014
January 31, 2015
On Dec. 19, 2014, the President signed into law the long-awaited year-end tax package, the Tax Increase Prevention Act of 2014 (TIPA). This law extended to the end of 2014 many but not all of the individual, business, and energy provisions that expired at the end of 2013. In addition, the law provides for a new tax-advantaged savings program to aide in meeting the financial needs of disabled individuals, called the " Achieving a Better Life Experience" (ABLE) program.
IP News
January 31, 2015
S. Ct.: Clear Error Standard Must Now Be Applied To District Court's Factual Claim Construction Findings
<i><b>Online Extra:</i></b>New Round in Producer's Fight Against WWE
January 31, 2015
According to a lawsuit filed in Connecticut's Bridgeport Superior Court, a well-known wrestler may have crossed the line with an alleged attack on a World Wrestling Entertainment (WWE) video producer during a pay-per-view event. Andrew Green, of Simsbury, CN, says he was assaulted by 7-foot-tall, 440-pound Paul Wight Jr., who performs under the name "Big Show" and has appeared in several nonwrestling movies.
<b><i>Practice Tip:</i></b> Did the Affordable Care Act End the Collateral Source Rule?
January 31, 2015
The Affordable Care Act has the potential to change dramatically many aspects of America's healthcare system, including access to medical care, insurance coverage for medical expenses, and the actual costs of care. As a side effect, there is a growing belief that the passage of the Affordable Care Act could signal the end of the collateral source rule.
Upcoming Event
January 31, 2015
SXSW Music Conference 2015 CLE Program
<i>In the Spotlight:</i> The Diminishing Value of Depreciation Defenses
January 31, 2015
Although the value of a third-party liability insurance claim often can be determined in a straightforward way by simply adding the amount of a judgment or settlement to the costs of defending the claim, the amount of a first-party insurance claim may be subject to varying valuation approaches. .
Federal Circuit Finds Claims Directed to DNA Primers and Methods of Use Unpatentable
January 31, 2015
The Federal Circuit's decision in <i>Univ. of Utah Research Found. v. Ambry Genetics Corp.</i> is the latest in the series of <i>Myriad</i> cases dealing with the patentability of genetic material.
Infringement Prevention and Brand Management On Social Media
January 31, 2015
The explosion of social media in recent years has dramatically impacted the manner in which individuals and businesses interact with one another. Social media gives businesses endless opportunity to increase brand awareness and expand audience reach. However, social media also presents myriad legal issues, particularly with respect to brand management.
Verdicts
January 31, 2015
Analysis of rulings important to med mal practitioners.
Internet Changes Medication Sales Regulations
January 31, 2015
Internet use has changed the way medication purchases are regulated, due in part to patients' free access to information related to pharmaceutical products and medical care. Additionally, the FDA has promoted Internet medication sales by allowing non-print promotion of medications with less detailed information in the ad itself about side effects and precautions than is required of print advertisements.

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  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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